#BinanceHODLerERA Investor Tom Lee Reveals Ethereum Price Target Amid ‘ChatGPT Moment’ of Stablecoins
Fundstrat’s Tom Lee believes that Ethereum (ETH) could soar to a five-figure price as the rise of stablecoins brings new relevance to the world’s leading smart contract platform.
In a new interview with Dierdre Bosa, Lee says that technical analysts at Fundstrat are currently targeting near $5,000 for Ethereum in the next several months.
However, over the longer term, Lee says that ETH could be trading above $10,000 if it reaches similar valuations to Circle, the second-largest stablecoin issuer, which largely relies upon the Ethereum network to power its products.
